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Distil PLC (DIS)

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Wednesday 04 July, 2018

Distil PLC

Trading Update

RNS Number : 4798T
Distil PLC
04 July 2018
 

 

 4 July 2018

 

Distil Plc

 

 

Trading update

Distil plc (AIM: DIS), owner of premium drinks brands RedLeg Spiced Rum, Blackwoods Gin and Vodka, Blavod Black Vodka, Jago's Cream Liqueur and Diva Vodka, is pleased to provide and update on trading for the first quarter of its current financial year.

Unaudited year-on-year first quarter (April - June 2018) revenues increased by 27% and volumes increased by 21%.

Due to Easter falling in April last year, sales in the first quarter of 2017 included Easter promotional activity whereas much of the Easter sales in 2018 came through in March. To remove this phasing imbalance, we are also providing the unaudited six-month performance figures to 30 June 2018; year on year revenues increased 28% and volumes increased 27% over this six-month period.

Don Goulding, Executive Chairman of Distil, said:

"Growth momentum of our key brands continues at a healthy pace, supported by marketing and promotional activities at the point of sale. The gin and rum markets remain buoyant. Our brand performance within these categories is strong and in line with our expectations."

 

 

For further Information:

 

 

Distil PLC

 

Don Goulding Executive Chairman

Shaun Claydon, Finance Director

Tel: +44 203 300 1877

SPARK Advisory Partners Limited (NOMAD)

 

Neil Baldwin

Mark Brady

Tel +44 20 3368 3550

Turner Pope Investments (TPI) Ltd (Broker)

 

Andy Thacker

 

Tel +44 20 3621 4120

 

 

 

About Distil

Distil Plc is quoted on the AIM market of the London Stock Exchange. It owns drinks brands in a number of sectors of the alcoholic drinks market. These include premium spiced rum, vodka, gin, vodka vanilla cream liqueur and are called RedLeg Spiced Rum. Blackwoods Vintage Gin, Blackwoods Vodka, Blavod Original Black Vodka, Diva Vodka and Jago's Vanilla Cream Liqueur.

 

www.distilplc.com

 

 


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